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PCCW (OTCMKTS:PCWLF) Sees Unusually-High Trading Volume - Here's What Happened

PCCW logo with Computer and Technology background

Key Points

  • PCCW Ltd. experienced a 20% increase in trading volume, with 3,000 shares traded, compared to 2,505 shares in the previous session, and the stock last traded at $0.64.
  • The company recently cut its dividend, issuing a payment of $0.0977 per share to shareholders, with a remarkable yield of 710.0%.
  • PCCW provides various telecommunications services across Hong Kong and internationally, including local telephony, mobile solutions, and international telecommunications.
  • Five stocks we like better than PCCW.

PCCW Ltd. (OTCMKTS:PCWLF - Get Free Report) shares saw strong trading volume on Friday . 3,000 shares were traded during mid-day trading, an increase of 20% from the previous session's volume of 2,505 shares.The stock last traded at $0.64 and had previously closed at $0.65.

PCCW Stock Up 5.2%

The stock's fifty day simple moving average is $0.68 and its 200 day simple moving average is $0.65.

PCCW Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were issued a dividend of $0.0977 per share. The ex-dividend date was Friday, August 15th. This represents a dividend yield of 710.0%.

PCCW Company Profile

(Get Free Report)

PCCW Limited provides telecommunications and related services in Hong Kong, Mainland and other parts of China, Singapore, and internationally. The company's services include local telephony, local data and broadband, mobile, enterprise solutions, international telecommunications, and satellite-based and network-based telecommunications services; outsourcing, consulting, and contact center services; and technical consulting and engineering services.

Further Reading

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